Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Taina Rosa, Olivia Thomas
09.26.24
Pillsbury advised Axoni, a leading provider of trade workflow applications and real-time data replication technology, in the sale of its Veris post-trade processing business unit and related intellectual property to London Stock Exchange Group (LSEG).
A portion of the transaction remains subject to closing conditions and is expected to be completed in Q4 of 2024.
Following the transaction, LSEG will own and operate the Veris network after a transition period, and additional software to support post-trade processing in other derivative asset classes will also be transferred as part of the transaction, as reported by an official press release.
Click here to learn more about the transaction.
The Pillsbury deal team was led by Global Sourcing & Technology Transactions partner Lee Rubin and Corporate partner Jarrod Murphy, and included Corporate counsel Brandon Eckford, senior associate Juan Pablo Cordon and associate Nathan Lewko; with critical support from Intellectual Property partner Ed Cavazos, special counsel Patricia Cotton and counsel Sandro Serra; Tax partner Nora Burke; Employment Law partner Rebecca Carr Rizzo and consultant Robert Davies; Executive Compensation & Benefits partner Jessica Lutrin; Technology Transactions partner Steven Farmer; Cybersecurity, Data Protection & Privacy counsel Scott Morton and associate Mark Booth; and Corporate partner Michael Heuga.